Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff N675 Carriage outwards N50 Salary of administrative staff N225 Stock (31/3/95) N940 Capital N1540 Determine the cost of goods sold?

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Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff ...

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Accounts - Principles of Accounts Classroom
Jamb
Jamb 2002
The Final Accounts Of A Sole Trader
Income Statement (Trading And Profit And Loss Account)
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Given:
Stock (1/4/94) N800
Purchases of flour N2450
Sales N4745
Wages of bakery staff N675
Carriage outwards N50
Salary of administrative staff N225
Stock (31/3/95) N940
Capital N1540
Determine the cost of goods sold?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A N2575
B N2985
C N3250
D N3925

Correct Answer: Option B

Explanation:

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Given: Stock (1/4/94) N800 Purchases of flour N2450 Sales N4745 Wages of bakery staff ...

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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